A bill to overhaul Mississippi’s tax structure faces a critical deadline Tuesday in the state Senate, but it appears unlikely to survive despite a push from Republican Gov. Tate Reeves.
Policy groups are deeply divided over a proposal to phase out Mississippi’s personal income tax, with some saying the change could spur economic growth and others saying it could curtail funding for schools and other essential services.
Mississippi Lt. Gov. Delbert Hosemann said Monday that the state Senate will thoroughly examine a House bill that proposes several significant changes in state tax rates.
When then-Gov. William Winter wanted to make substantial changes to Mississippi’s education system in the early 1980s, he and his staff spent months building support for their proposals.
A bill that would phase out the state income tax in Mississippi and reduce sales tax on groceries, while raising the general sales taxes, is getting some pushback from local business owners and at least one local legislator who say it would seriously harm retailers.
Mississippi is preparing to start a lottery in the next few months, and the state revenue commissioner says people will not have to pay sales tax to play the game of chance.
Starkville will send a resolution to state legislators requesting increases to their sales taxes to help fund a new tournament-ready park after the measure gained unanimous approval from aldermen.
The fate of the Columbus-Lowndes Convention and Visitors Bureau beyond the end of the year may depend on whether Gov. Phil Bryant calls a special session of the Legislature.
Sales tax revenues for May are down across the Golden Triangle, compared to last year’s revenues for the same month.
Retailers are hoping for a resolution this year from the Supreme Court, which hears arguments Tuesday in a decades-old dispute: Whether companies must collect sales tax on items sold in a state where they don’t have a store or other building.